Also, weren't you against the whole Vitalik being god and making a decision to rollback the DAO?

How is that much different then deciding you want to change how the whole system works because a guy finds a loophole and takes advantage of it?

So when would the ETF decision be? Or the hearing?

At what point do you get diminishing returns in terms of paying a higher fee to have your transaction confirmed as fast as possible?

At the moment there are almost 40k unconfirmed transactions and everything is super slow. Is 300satoshi/byte basically the point where it wont go any faster? Are there people to contact that can push transactions through quickly during insanely slow times like this for a fee?

Any info is appreciated. Thanks

TC, what would be the change in PoW to? And if changed, how will that prevent this type of issue in the future? should the PoW be changed every so often?

their response: https://blog.bitmain.com/en/antminer...te-april-2017/

No, POS is a joke, and Ethereum is not going to do it, even though they keep thinking they will.

Of course I am against that. How does this relate? I want something but I cannot do it alone. I also am not stealing funds.

This was not finding a loophole either, this was using a state actor to protect a 20% advantage that leads to a mining monopoly, something that destroys the incentive structure, as well as blocks many protocol upgrades.

I don't think there's a good answer for a PoW change. I'm not an expert on it, but I've heard of various experts suggest things. I've also talked to Bram Cohen about proof of space and time, and that could be the most promising yet. I'm not sure how well it would work out nor do I have a full understanding of it, but anything that commoditizes mining and makes it actually decentralized is better. At this point, nearly any change would be better simply due to the massive vulnerability we have.

It's amazing Bitmain can keep admitting to these things, and people still defend them. They did a great job on the PR spin this time. They admitted they ****ed up and tried to make up a story about a potentially honest use case. It's good enough to fool most people. However, if that was the case, it doesn't add up at all. If their goal was to allow users to shut down hijacked machines, they could have designed it much better. At the very best case, it shows gross incompetence in design. It leads to a massive security hole where many actors can shutdown miners without permission.

We are fortunately seeing who are the shills or attackers or alt-coin pumpers, and who are legit users. The community should be able to eventually move forward.

Depends what other transactions are out there. If you are outbidding the other transactions waiting (and the ones likely to come in by the next block), you'll have good odds.

at this point tomcollins seems likely to be a disgruntled core shill. in the past year he's been consistently wrong about ethereum and mostly wrong about bitcoin.

and why is that?

He's still pissed because he got shook out of BTC at like 300. Dunno wtf he's doing now.

Ethereum has yet to produce a single useful application. I never said there would be a shortage of fools to pump up a bubble.

Do I support Core? Of course. Because I'm not an alt-coin pumper. Because I'm informed. Because I understand the technology and the limitations. And because I'm not a conspiracy nutcase.

The fundamentals for why I sold remain the same today. Centralization is the most dangerous threat to Bitcoin and there remains little that has been done to solve it. It's a hard problem. Again, not worried about short term fluctuations. I am more into Bitcoin for ideological reasons than financial.

I'd definitely jump back in if the POW was changed or something was done to stop the Chinese Mining Cartel (and their likely backers, the CCP).

It's all about potential. You sound like the sharks on shark tank. Someone comes on with a great idea and the sharks say "what are your sales?" Guy says none yet, so they value the company at 0 because he hasn't had any sales.

"They are trading at a ridiculous 70 cents USD which is hilarious for a currency that no one uses."

yup

ViaBTC used to have or still has a transaction accelerator. Basically, you submit your TXID to them and they will help get it into the next block? or maybe next block that they mine? I never really looked into how it works or even tried to use it, so don't take this as vouching for it's effectiveness. I'm only aware of its existence.

We are 3-4 years into ETH and not a single useful application. Not even a single useful idea for it (that couldn't be done in a much simpler fashion). We have the DAO as a spectacular failure for smart contracts (where it just gets rolled back).

Bitcoin had obvious potential right away. The only question is if it was actually coded in a way the incentives would line up and if it would catch on. Ethereum has a single use case - speculation that there are greater fools.

Yes, they have this, if you submit in the first 5 seconds of each hour. And you click through their propaganda.

It's not a get rich quick scheme. These things take time. Don't forget ETH doubles as a currency that is better then bitcoin. Even if they didn't come out with ****, the move towards POS, if successful, makes it a no brainer over BTC.

Then just wait till **** actually starts coming out.

Vitalik is smarter then us.

Do yourself a favor, let loose, get in.

Also, keep in mind, use a trader mentality here. Yes some **** might be ****ed up, and look at the damn price. WTF you think happens when ****'s not ****ed up?

Hell I think cryptos have even put a damper on precious metals.

Everything is a deal pre ETF.

When **** rips it doesn't help my drinking.

I think the concept of useful can be very subjective. Whatever people use are useful for them even if we don't think etheroll, blockjack, ICOs etc are not so useful for us.

FWIW I think tracking will be pretty big:
http://www.coindesk.com/ethereum-sto...city-demo-day/

the only one propagandizing here is you. we are almost 10 years into bitcoin and its progress is stifled by ****ty governance and shills like you who have a kneejerk reaction to any contender to bitcoin's dominance. the fact that ethereum has direction alone makes it a better bet than bitcoin. they actually have a team of developers who don't spend the majority of their time ****-slinging dissenters and using other methods of manipulating social media platforms.

[QUOTE=TomCollins;52133448]We are 3-4 years into ETH and not a single useful application. Not even a single useful idea for it (that couldn't be done in a much simpler fashion). We have the DAO as a spectacular failure for smart contracts (where it just gets rolled back).

http://www.coindesk.com/ethereum-sto...city-demo-day/

Wait. If I'm reading some of these replies to you correctly, you sold out of Bitcoin at ~300? And now you're slamming ETH and (verbally) going long BTC..but you have zero skin in the game (no BTC)? Can I get a clear cliffs of your long term thesis for sitting on your hands and yelling plays from the sideline in the game of cryptocurrencies?

Lol. In a forum full of gamblers and (supposably shrewd) investors, that's akin to the guy making youTube videos commenting on winning HSNL handplays while covertly sitting with a ~0 account balance (awful analogy I know). I could at least respect your words if you had skin in the game (why not short it if you don't believe it, or why aren't you long BTC if you think ETH/competitors are ****)

There's a 99.9% chance you're blowing smoke and .1% chance there's some sort of circumstance for why you actually know what you're talking about. I'll admit I don't know you to know which you are. But I've (very briefly) read your point-of-view and you seem really rustled about ETH. Anyone who talks in such 'absolutes' should be taken with a grain of salt.

For the record, I was 100% bull on Bitcoin ~2013-2015 until I adapted my point-of-view to evolving circumstances. Cryptocurrencies is still in such an early stage, and even I know I could 1 day be 100% BTC/0% ETH again. (albeit I highly highly doubt that, but it's a non-zero probability) But why should anyone listen to me over you or anyone else? You shouldn't. Ultimately, do your own research and decide. But in the end I think most people would agree that if you want to have at least have the beginning of what is a respectable opinion, at least have conviction (read: $$) behind your words and beliefs (I was long BTC since 2013, switch all to ETH by 2Q~3Q 2016 because I believe the writing is on the wall)

i sent out a tweet that might've killed off this currency. sorry to everyone new to the market, and to those who got in early hoping for a billion.

Haha, nice bump!

From same page:
WP! =)

It's quite remarkable that Bitcoin market cap remains >60% despite its technical upgrades being stonewalled for two years.

I've never seen BTC and ETH rip this hard together. Along with EVERYTHING else. I think my ETF theory may be coming to fruit and the smart money knows it.

Any ideas why Bitstamp BTC costs $30 more in USD than in EUR?

Banking issues (liquidity) are almost always the source of that.